Rules Governing the Administration of Electronic Payment Business Article 38

For e-payment accounts reported as watch-listed accounts by a court, public prosecutor’s office, or judicial police authority, an electronic payment institution shall check relevant transactions. If an electronic payment institution finds that funds reported as fraudulent have been remitted to another e-payment account or a deposit account, the electronic payment institution shall notify the receiving electronic payment institution or the bank of the remittance of such amount and the name of the authority which originally reported the watch-listed account, and shall also notify the original reporting authority.The original reporting authority that reported the watch-listed account shall verify the information listed in the preceding paragraph. If the original reporting authority believes the receiving account shall also be classified as a watch-listed account, it shall notify the relevant electronic payment institution or bank to classify such account as a watch-listed account.The electronic payment institution or bank receiving the fraudulent funds shall proceed with a transaction check and notification process in compliance with Paragraph 1 of this Article. If such receiving electronic payment institution or bank finds any illegality, it shall adopt the measures as listed in Subparagraph 2 of Article 35.The method and contents of notifications and of required documents under this article shall be adopted by the Electronic Payment Committee of the Bankers Association of the Republic of China (hereinafter referred to as the Bankers Association) and reported to the competent authority for recordation.